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Future value ( with changing years ) . Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan
Future value with changing years Dixie Bank offers a certificate of deposit with an option to select your own investment period. Jonathan has $ for his CD
investment. If the bank is offering a interest rate, compounded annually, how much will the CD be worth at maturity if Jonathan picks a
a twoyear investment period?
b fiveyear investment period?
c eightyear investment period?
d fifteenyear investment period?
a How much will the $ investment at interest rate be worth at maturity if Jonathan picks a year investment period?
Round to the nearest cent.
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